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Off market
  • $461,400

    5230 Gulf Of Mexico Dr #201, Longboat Key, FL 34228

    2beds
    986sqft
    Condominium
    Built in 1972
    1.36 Acres Lot
    $461,400 Zestimate®
    $468/sqft
    $3,560 Estimated rent

    Home value

    $461,400

    $415,000 - $517,000

    $3,560/mo

    Zestimate® history
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    $3,471/mo

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    $3,471/mo

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    What's special

    Welcome to your slice of paradise on Longboat Key! This adorable condo was completely renovated in 2016 with quality finishes and is ideal for a retirement hideaway, winter retreat or investment property. Enjoy all that internationally acclaimed Longboat Key has to offer, from its pristine beaches, golf courses, boating and fine dining. After a day on the beach or golf course take a dip in the pool. Throw a line off the fishing pier and catch a gulf coast specialty. Kayak or paddleboard around the bay and explore the coastal waterways. At the end of the day grill up some dinner with friends and family in the outdoor dining area or cook up something delicious in your beautifully appointed kitchen with breakfast bar. Entertaining is a breeze with this open floor plan. Retire to your spacious bedroom with convenient laundry cabinet, and get a great night's rest for the next day of adventure. A fabulous investment, this property has been consistently rented for the past several years and yielded high returns. Rental history is available upon request. Seize the opportunity to start earning and enjoying on lovely Longboat Key!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Originating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • central, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Range / Oven, Refrigerator
    • Laundry: Inside
    Features
    • Ceiling Fans(s), Open Floorplan, Stone Counters, Solid Wood Cabinets, Thermostat, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Solid Surface Counters, Window Treatments, Attic Fan
    • Flooring: Tile, Hardwood
    • Windows: Blinds, Window Treatments
    • Has fireplace: No
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 986 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Levels: One
    • Exterior features: Stucco, Brick
    • Pool features: In Ground
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Bay/Harbor
    • Body of water: SARASOTA BAY
    Lot
    • Size: 1.36 Acres
    • Features: In City Limits, Sidewalk, Street Paved, FloodZone, Near Marina
    • Residential vegetation: Mature Landscaping, Oak Trees
    Details
    • Parcel number: 7994510407
    • Zoning: R4MX

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Condominium
    Materials
    • masonry
    • Roof: Other
    Condition
    • Completed
    • Year built: 1972

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Phone Available, Sewer Connected, Cable Available, Public, Underground Utilities, Cable Connected, Water Connected
    Green energy
    • Indoor air quality: Ventilation

    Community & HOA

    Community
    • Subdivision: COVERT I A CONDO
    HOA
    • Has HOA: Yes
    • Amenities included: Laundry
    • Services included: Community Pool, Maintenance Grounds, Recreational Facilities, Trash, Insurance, Maintenance Exterior, Maintenance Repairs, Manager
    • HOA fee: $400 monthly
    Location
    • Region: Longboat Key

    Financial & listing details

    • Price per square foot: $468/sqft
    • Tax assessed value: $229,500
    • Annual tax amount: $2,815
    • Listing terms: Cash, Conventional
    • Ownership: Condominium

    Price history

    DateEventPrice
    4/13/2021Sold$325,000-4.1%$330/sqft
    Source: Public Record Report a problem
    3/4/2021Pending sale$339,000$344/sqft
    Source: Stellar MLS #A4489753 Report a problem
    2/19/2021Listing removed--
    Source: Michael Saunders & Company Report a problem
    1/28/2021Listed for sale$339,000+4.3%$344/sqft
    Source: Stellar MLS #A4489753 Report a problem
    5/3/2018Listing removed$325,000$330/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    10/16/2017Price change$325,000-3%$330/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    10/7/2017Listed for sale$334,900+45.6%$340/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    2/13/2017Sold$230,000$233/sqft
    Source: Agent Provided Report a problem
    10/28/2015Sold$230,000-11.5%$233/sqft
    Source: Stellar MLS #A4125418 Report a problem
    9/30/2015Listed for sale$259,900$264/sqft
    Source: FLORIDA INTERNET REALTY LLC #A4125418 Report a problem
    9/30/2015Pending sale$259,900+26.8%$264/sqft
    Source: FLORIDA INTERNET REALTY LLC #A4125418 Report a problem
    4/30/2014Sold$205,000-12.8%$208/sqft
    Source: Stellar MLS #A3992107 Report a problem
    2/5/2014Listed for sale$235,000+32.4%$238/sqft
    Source: PREMIER SOTHEBY'S INTL. REALTY #A3992107 Report a problem
    12/26/2013Sold$177,500-10.8%$180/sqft
    Source: Public Record Report a problem
    10/19/2013Listed for sale$199,000$202/sqft
    Source: CENTURY 21 Beggins Enterprises #M5839247 Report a problem
    9/10/2013Listing removed$199,000$202/sqft
    Source: CENTURY 21 Beggins Enterprises #M5839247 Report a problem
    8/3/2013Listed for sale$199,000-0.5%$202/sqft
    Source: CENTURY 21 BEGGINS ENTERPRISES #M5839247 Report a problem
    1/1/2013Listing removed$199,900$203/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    5/15/2012Price change$199,900-9.1%$203/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    1/3/2012Listed for sale$219,900$223/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,815 -14.1%$229,500 -11.5%
    2024$3,278 -2.3%$259,250
    2023$3,355 -12.8%$259,250 -10.2%
    2022$3,849 +1.5%$288,750 +22.9%
    2021$3,792 +3.5%$235,000 +4.4%
    2020$3,664 -0.6%$225,000
    2019$3,685 $225,000 +4.7%
    2018$3,685 +5.3%$215,000 +10%
    2017$3,499 +25.2%$195,500 +14%
    2016$2,795 $171,500 +3%
    2015$2,795 $166,500 0%
    2014$2,795 -9.6%$166,501 -10.1%
    2013$3,090 +308930%$185,198 +2%
    2012$1 $181,567 -1%
    2011$1 $183,401 -3%
    2010-- $189,034 -20%
    2009$3,888 -5.8%$236,293 -7.6%
    2008$4,127 -10.2%$255,620 -8.9%
    2007$4,595 -6.4%$280,742
    2006$4,909 +16.3%$280,742 +20.5%
    2005$4,221 +20.4%$232,902 +22.8%
    2004$3,506 +18.1%$189,684 +22.3%
    2003$2,968 +13%$155,134 +15%
    2002$2,626 +9.5%$134,899 +10%
    2001$2,397 +22.5%$122,640 +25%
    2000$1,956 $98,108
    Find assessor info on the county website

    Neighborhood: 34228

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Anna Maria Elementary
    • Middle: Martha B. King Middle
    • High: Bayshore High

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $461,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $461,400